Short Interest in MarketWise, Inc. (NASDAQ:MKTW) Declines By 35.3%

MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) was the target of a large decline in short interest in May. As of May 31st, there was short interest totalling 73,800 shares, a decline of 35.3% from the May 15th total of 114,000 shares. Based on an average daily volume of 32,900 shares, the days-to-cover ratio is currently 2.2 days. Currently, 4.0% of the shares of the stock are short sold.

MarketWise Trading Up 0.8%

MKTW stock traded up $0.13 on Thursday, hitting $17.43. 23,350 shares of the company's stock traded hands, compared to its average volume of 25,590. The stock has a market cap of $282.80 million, a price-to-earnings ratio of 5.79 and a beta of 0.47. MarketWise has a 1-year low of $9.08 and a 1-year high of $27.10. The stock has a fifty day moving average of $15.59 and a 200-day moving average of $12.87.

MarketWise (NASDAQ:MKTW - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The newsletter publisher reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.99) by $1.40. The firm had revenue of $83.51 million for the quarter, compared to analyst estimates of $75.89 million. MarketWise had a net margin of 1.64% and a negative return on equity of 2.66%.

MarketWise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, May 15th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Thursday, May 15th. MarketWise's dividend payout ratio (DPR) is presently 26.58%.

Institutional Trading of MarketWise

A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of MarketWise by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 841,542 shares of the newsletter publisher's stock worth $478,000 after purchasing an additional 22,728 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of MarketWise in the 4th quarter worth approximately $25,000. Two Sigma Securities LLC bought a new stake in MarketWise during the 4th quarter worth approximately $27,000. BNP Paribas Financial Markets bought a new position in MarketWise in the 4th quarter valued at $31,000. Finally, Jane Street Group LLC boosted its stake in MarketWise by 257.9% in the fourth quarter. Jane Street Group LLC now owns 85,005 shares of the newsletter publisher's stock worth $48,000 after purchasing an additional 61,254 shares in the last quarter. 23.04% of the stock is currently owned by institutional investors.

About MarketWise

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.